**BREAKING: BlackRock deposits 3,743 $BTC (~$339M) + 7,204 $ETH (~$22M) to Coinbase Prime!** ⚡
Fresh on-chain data shows a BlackRock-linked wallet just moved massive crypto to Coinbase Prime – **3,743 BTC** valued at roughly **$339.45 million** and **7,204 ETH** at about **$22.42 million** (based on current prices around ~$90,700 BTC / ~$3,100 ETH range).
This comes amid ongoing ETF rebalancing and recent outflows from spot Bitcoin & Ethereum funds (IBIT & ETHA seeing redemptions in early 2026 after strong 2025 inflows).
Key context:
- BlackRock has been actively transferring BTC/ETH to Coinbase Prime in chunks throughout late 2025/early 2026 – often tied to creation/redemption mechanics or custody adjustments.
- These aren't outright "sales" dumping on spot markets; Prime facilitates institutional liquidity, OTC deals, and ETF operations without immediate public impact.
- Still, large inflows to exchanges can spark short-term caution among traders watching for potential sell pressure.
For the crypto space:
- Signals continued institutional involvement – BlackRock's moves often precede broader adoption waves.
- With BTC consolidating near $90K–$95K and ETH pushing past recent levels, this could support long-term bullish narratives despite near-term volatility.
- Watch for ETF flow reversals or macro catalysts (Fed liquidity, policy shifts) to flip sentiment.
Bullish setup or rebalancing routine? Either way, BlackRock's scale keeps reminding us: institutions are here to stay. 🚀
What's your read – accumulation signal, profit-taking, or just business as usual? Drop thoughts below!
#BlackRock #BTC #ETH #CoinbasePrime
